Fed's Kocherlakota: Fed Should Consider Easing, Not Tightening

TODAY: Aug. 29, 2015 PUB DATE: Aug. 29, 2015

By Ben Leubsdorf JACKSON HOLE, Wyo.----The Federal Reserve shouldn't raise short-term interest rates this year and instead should consider easing monetary policy to bolster sluggish U.S. inflation, Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday. "It's definitely premature ...

Google Rebuffs European Union on Antitrust Charges --2nd Update

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Sam Schechner and Natalia Drozdiak in Brussels and Alistair Barr in San Francisco Google Inc. on Thursday rebuffed a European Union demand that it change how its search engine functions, signaling a drawn-out legal battle in the continent's most ...

Bankers, Officials Urge Fed Not to Waver on Interest-Rate Rise

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Jon Hilsenrath JACKSON HOLE, Wyo.--After months of forewarning by Federal Reserve officials that they are preparing to raise short-term interest rates, some international officials attending the Fed's annual retreat here this week have a message: Get on with it ...

Asian Markets Ride Tide of Strong U.S. Growth

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

Asian markets rose Friday as renewed optimism about the U.S. economy and China's recent stock gains offset worries about global growth. The Shanghai Composite Index opened up 1.4%, adding to its 5.3% jump Thursday, its biggest percentage gain in more ...

China's Moves Won't Help U.S. Tech Firms

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Don Clark China's moves to spur its slowing economy and restore investor confidence are having an important but less obvious effect on the tech sector: Strengthening Chinese companies that were already making life difficult for U.S. rivals, many of ...

China Extends Two-Day Gains, but Weekly Losses Mount

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Chao Deng China's shares surged Friday amid suspected government buying, but the week's volatile trading still puts the index down nearly 8% in that time. In one wild week, China became the epicenter of a global selloff, with a ...

India's Economic Growth Likely Slowed Last Quarter, Economists Say

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Anant Vijay Kala NEW DELHI--India's economic growth likely slowed last quarter, weighed by weak farm production and sluggish manufacturing growth, a survey of economists shows. Gross domestic product in the three months ended June 30 likely rose 7.4% from ...

U.S. Consumer Spending Rose 0.3% in July

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Josh Mitchell And Kate Davidson WASHINGTON--U.S. households spent moderately in July amid a healthy rise in wages, suggesting the economy carried some momentum into the third quarter despite turbulence abroad. Personal spending, measuring how much Americans paid for everything ...

Asian Rubber Futures End Higher

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Lucy Craymer Asian rubber futures rose for a third day, lifted by slight stability in the Chinese stock market after Beijing moved to ease policy this week. "Tocom rubber is rising at a fast pace as fear of supply ...

Thailand's Industrial Production Contracts Further in July

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's industrial production declined in July, albeit at a slower pace, as manufacturing remained weak, the industry ministry said Friday. Thailand's manufacturing production index slipped 5.3% in July from a year ago, slowing from a revised 7.7% ...

MARKET SNAPSHOT: Dow Heads Lower; U.S. Stocks Up For The Week

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Freeport-McMoRan, GameStop among day's big movers The Dow was struggling to find direction in late-morning trade Friday as Federal Reserve Vice Chairman Stanley Fischer on CNBC said the economy is "working pretty well," ...

U.S. Stocks Slip After Volatile Week

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Josie Cox in London and Saumya Vaishampayan in New York U.S. stocks fell Friday at the end of one of the most volatile weeks in years for global markets. The Dow Jones Industrial Average declined 56 points, or 0.3%, ...

Fed's Mester Tells Bloomberg TV Economy Ready for Rate Rises

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

Federal Reserve Bank of Cleveland President Loretta Mester said Friday the U.S. economy is ready for an increase in short-term rates. She told Bloomberg TV that while the recent round of market volatility "certainly got my attention" and needs to ...

Fed's Mester Tells Bloomberg TV Economy Ready for Rate Rises

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Michael S. Derby Federal Reserve Bank of Cleveland President Loretta Mester said Friday the U.S. economy is ready for an increase in short-term rates. She told Bloomberg TV that while the recent round of market volatility "certainly got my ...

Brazil Sinks into Recession on Second Quarter Output Contraction

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Paul Kiernan RIO DE JANEIRO--Brazil's economy sank into deep recession in the second quarter as falling commodity prices, high inflation and political turmoil combined to decimate consumer and business confidence, sending output well below expectations. Brazil's gross domestic product ...

Consumer Sentiment Reading Slips in August

TODAY: Aug. 29, 2015 PUB DATE: Aug. 28, 2015

By Eric Morath Consumers' outlook grew slightly more pessimistic in late August, likely reflecting worries about big swings in the stock market tied China's unsettled economy. The University of Michigan final August sentiment index declined to 91.9 from a preliminary ...